Positive GM news?
About a week ago DOTG (figure it out )accused me of posting negative GM news as I sat in the rain in Florida. He was wrong as it was not raining, (just early in the morning before sun was up) and I d...
Forum Discussion
bigdogger wrote:wilber1 wrote:That is fine until you wake up one day and find the shares are worthless. The fact is the GM and Chrysler bailouts changed the rules in the middle of the game. Now the stock and debt of an auto maker must be viewed differently than stock and debt of other industries. Two cliches come to mind. 1. Fool me once, shame on you. Fool me twice, shame on me. 2. Never get bit by the same dog twice. Enjoy your 3.5%, but if it falls apart, you should have seen it coming.bigdogger wrote:wilber1 wrote:Enjoy it while you can. I am sure all those GM stockholders and GM senior bond holders all would have said the same thing in 2007.
All I know is the stock has been doing well and it's paying a nice dividend so I hope they keep it up.
Well, when I bought it they weren't paying a dividend, now it is around 3.5%.
Thanks, I will.
One thing, I never confuse investing and brand loyalty. Doesn't pay.
